T TTI Registered User Messages 293 21 May 2014 #1 Hi, I'd like to open / fund a savings account for my new nephew as a gift. What would people consider a good gift amount? Note: First child of this generation to my only sibling, he's 28 and I'm a few years older.
Hi, I'd like to open / fund a savings account for my new nephew as a gift. What would people consider a good gift amount? Note: First child of this generation to my only sibling, he's 28 and I'm a few years older.
B Branz Registered User Messages 898 12 Jul 2014 #2 You can do 3k per annum free of any inheritance issues. The paper work for opening child accounts has got very stringent, even for prize bonds over 100 euro so be prepared...
You can do 3k per annum free of any inheritance issues. The paper work for opening child accounts has got very stringent, even for prize bonds over 100 euro so be prepared...